Martin Midstream Partners LP Amends and Extends Revolving Credit Facility to November 2026, Reduces Borrowing Capacity to $130 Million
Reuters
Sep 25
Martin Midstream Partners LP Amends and Extends Revolving Credit Facility to November 2026, Reduces Borrowing Capacity to $130 Million
Martin Midstream Partners LP (Nasdaq: MMLP) has announced the successful amendment and extension of its revolving credit facility. Under the new agreement, the maturity date has been extended to November 2026, and the borrowing capacity has been adjusted from $150 million to $130 million. The facility also includes revised financial covenants and an accordion feature allowing for up to an additional $50 million. As of June 30, 2025, $41 million was outstanding under the facility. Wells Fargo Bank, N.A. served as lead arranger, with Royal Bank of Canada acting as administrative agent. Baker Botts L.L.P. provided legal counsel to Martin Midstream Partners.
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